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The Real Mark-to-Market
Gates of Vienna ^ | Oct. 14, 2008 | by Takuan Seiyo

Posted on 10/16/2008 7:25:09 AM PDT by Jack Black

Various level-headed economic pundits have opined that the $700 billion Bailout cannot possibly succeed. It rescues the gold-plated and wafer-thin layer of malefactors instead of growing jobs, income and solvency for the middle class. It’s too little, too late, and vastly too much, most of it wasted.

And the Bailout approaches $2 trillion now. Except for dedicated pros, it’s impossible to keep tab on its total size anymore. It grows by several hundred billion dollars every week, in every sphere of economic activity. The latest at this time is a $150 billion tranche of jobless benefits, money for food stamps and a "tax rebate" - as usual, probably to those who don’t pay taxes.

But one can’t blame solely the Democrats for the economic debacle. With what President Bush and the GOP Congress (when it was GOP) have made of the country and its treasure, including in the banking and mortgage industry, one cannot.

The ‘08 elections are being contested by a man who is so tainted by anti-American poison that, if elected President, he would not pass a Secret Service background check to be his own bodyguard. But facing him is a Vietnam War hero and a civic coward, who pulls his punches, tiptoes around every truthful thing he might say, surrounds himself with what seem like double-agents who work for the other side, and amply deserves his berth in the Treason Lobby.

We are far-gone indeed. And the economic crash is a mark-to-market not only of our financial assets, but also of our fictitious weltanschauung

(Excerpt) Read more at gatesofvienna.blogspot.com ...


TOPICS: Politics; Society
KEYWORDS: cwii; financialbailout
Grim, but interesting take on things.
1 posted on 10/16/2008 7:25:09 AM PDT by Jack Black
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To: Eaker; AK2KX; Ancesthntr; ApesForEvolution; archy; backhoe; Badray; t_skoz; Becki; Jack Black; ...
Busy Jack hard at work this morning. I'd say "enjoy" but there is nothing particularly enjoyable about the situation we find ourselves in.

Well this flag still looks good to me.


2 posted on 10/16/2008 7:27:43 AM PDT by Jack Black
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To: Jack Black

Gates of Vienna bump. I visit it often. They have commentators that are not afraid to be as politically incorrect as they need to be.


3 posted on 10/16/2008 7:30:27 AM PDT by PapaBear3625 ("In a time of universal deceit, telling the truth is a revolutionary act." -- George Orwell)
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To: Jack Black

/mark


4 posted on 10/16/2008 7:45:19 AM PDT by KoRn (Barack Obama Must Be Stopped!!!)
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To: KoRn
Here is one of the great bits of this essay:

The Bailout will fail not because our hapless solons prevented the mark-to-market mechanism from working its cleansing magic in the realm of finance. It will fail because what our political and economic leaders are trying to bail out is a patched scarecrow of moral cowardice, ethical degradation, intellectual corruption and spiritual delusion - all papered over with fraudulent propaganda under which self-sabotage has been going on for decades on a scale unknown since the 4th century CE.

5 posted on 10/16/2008 8:00:31 AM PDT by Jack Black
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To: Jack Black

Great article.


6 posted on 10/16/2008 11:12:29 AM PDT by bayouranger (The 1st victim of islam is the person who practices the lie.)
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To: Jack Black
I read Gates of Vienna regularly.

It is the best site on the web for the ills of multiculturalism that afflict both the US and Europe.I think that the Election Fraud issue is a sleeping giant, that will catalyze into action if this Leftist (0bama) is elected.

7 posted on 10/16/2008 12:08:47 PM PDT by happygrl (we are all plumbers now!)
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To: happygrl

Yes, it is very good, Gates of Vienna. I really enjoyed this article, for its style as much as the content.


8 posted on 10/16/2008 12:39:30 PM PDT by Jack Black
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To: Jack Black

BTTT


9 posted on 10/16/2008 8:22:46 PM PDT by spodefly (Recycling the same posts in multiple threads for seven years!)
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To: Jack Black

Just wow bump.


10 posted on 10/18/2008 7:56:22 AM PDT by FreedomPoster (Obama: Carter's only chance to avoid going down in history as the worst U.S. president ever.)
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ping


11 posted on 10/21/2008 7:54:28 AM PDT by Jack Black
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